Asia's Carbon Markets: Strategic Imperatives for Corporations
The climate finance gap of Asia-Pacific countries is $800 billion on an annual basis. Carbon markets can be a means to provide the resources needed to catalyse and secure a more orderly carbon transition process, especially in developing and emerging markets. This report calls on corporations to explore and integrate the use of carbon markets as part of their climate strategies to enable sustainable growth and low-carbon transition efforts.
The climate finance gap of Asia-Pacific countries is $800 billion on an annual basis. Carbon markets can be a means to provide the resources needed to catalyse and secure a more orderly carbon transition process, especially in developing and emerging markets. This report calls on corporations to explore and integrate the use of carbon markets as part of their climate strategies to enable sustainable growth and low-carbon transition efforts.
Central to meeting global climate ambitions is Article 6 of the Paris Agreement – a transformative framework for international cooperation that enables cross-border carbon trading, harmonizes standards and mobilizes global capital to scale up climate solutions. Asia, with more than 50% of global emissions and 55% of GDP, stands at the forefront of this transition opportunity.
The World Economic Forum, in collaboration with Bain & Company, has prepared this insight report, which presents a comprehensive review of Asian carbon markets. It decodes the region’s pioneering innovations, dissects critical market dynamics and distills hard-won lessons. By spotlighting Asia’s unique carbon market practices, the report aims not only to empower the region’s decarbonization journey but also to inspire global climate action, offering a blueprint for nations worldwide.